Question

Use the Dynamic Exhibit to answer the following questions.

1. When the amount paid for land is $36,000 and the amount paid for expenses is $10,000, the balance in total assets after transaction (b) is46,000 x 2. When the amount paid for land is $36,000 and the amount paid for expenses is $18,000, the balance in total assets after transaction (b) is s 18,000 x 3. when the amount paid for land is $50,000 and the amount paid for expenses is $18,000, the balance in total assets after transaction (b) is $ 32,000 | X 4. When the amount paid for land is $50,000 and the amount paid for expenses is $10,000, the balance on the right side of the accounting equation after transaction (b) is $ 60,000X

Answer 1

($10,000) = Liabilities + Stockholders' Equity Assets Land $36,000 Cash ($36,000) ($10,000) (S10,000) Cash ($10,000) Total (S10,000) ($18,000) = Liabilities + Stockholders' Equity Assets Land $36,000 ($36,000) ($18,000) Cash Cash ($18,000) Total (S18,000) (S18,000) ($18,000) = Liabilities + Stockholders' Equity Assets Land $50,000 ($50,000) ($18,000) Cash Cash ($18,000) Total (S18,000) (S18,000) ($10,000) = Liabilities + Stockholders' Equity Assets Land $50,000 Cash ($50,000) ($10,000) |(S10,000) Cash ($10,000) Total (S10,000) 2.